Economy
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Wisconsin Supreme Court clears way for collective bargaining law to take effect (Ed Treleven)
June 14, 2011 (Wisconsin State Journal) -- A Dane County judge overstepped her authority when she voided Gov. Scott Walker's measure limiting public sector collective bargaining, the state Supreme ...
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Why Stop at Massive Economic Growth when Infinite Growth Is within Reach? (Dr. Milton Mountebank)
Dr. Milton Montebank Editor’s Note: Although The Daly News is known for its commentary on the limits to growth, we are willing to consider other viewpoints. That is why we invited Professor Milton ...
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The Economic Statistic US Elites Keep 'Hush-Hush' (Ron Robins)
June 6, 2011 (alrroya.com) -- It is a simple statistic that continues to warn of huge economic problems ahead for the United States. Some economists call it the "marginal productivity of debt ...
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Explosion in jellyfish numbers may lead to ecological disaster (Tracy McVeigh)
A dramatic global increase in jellyfish swarms could damage the marine food chain June 12, 2011 (The Observer) -- Global warming has long been blamed for the huge rise in the world's jellyfish ...
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IMF Computer System Said to Be Targeted by Foreign Government Cyber-Attack (Michael Riley and Sandrine Rastello)
June 13, 2011 (Bloomberg) -- The data theft from International Monetary Fund computers by hackers said to be linked to a foreign government follows incidents against companies and governments that ...
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'Perfect Storm' May Threaten Global Economy: Roubini (Shamim Adam)
June 12, 2011 (Bloomberg) -- A “perfect storm” of fiscal woe in the United States, a slowdown in China, European debt restructuring and stagnation in Japan may converge on the global economy, New ...
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China Ratings House Says US Defaulting On Debt: Report (AFP)
June 10, 2011 (AFP) -- A Chinese ratings house has accused the United States of defaulting on its massive debt, state media said Friday, a day after Beijing urged Washington to put its fiscal house ...
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German Rating Agency Feri Downgrades US Government Bonds: AAA to AA
June 11, 2011 (World News Trust) -- The German credit rating agency Feri lowered its rating on U.S. sovereign debt from AAA to AA. It is the first Western rating agency to downgrade U.S. debt. "Feri ...
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Stocks Fall in Longest Dow Slump Since 2002 (Rita Nazareth and Lu Wang)
June 10, 2011 (Bloomberg) -- U.S. stocks extended a sixth weekly drop, the longest slump for the Dow Jones Industrial Average since 2002, and oil slid, while Treasuries, the dollar and yen rose amid ...
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The Banking Emperor Has No Clothes (Simon Johnson)
Simon Johnson, the former chief economist at the International Monetary Fund, is the co-author of “13 Bankers.” June 9, 2011 (New York Times) -- Treasury Secretary Timothy F. Geitner. in a speech in ...
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A bridge to somewhere (John Michael Greer)
John Michael Greer Jun 8, 2011 (The Archdruid Report) -- Last week’s discussion of the twilight of the electrical grid in an age after abundance turned out to be timely, in an ironic sort of way. ...
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